We have a few dubbed, "office dogs" here at The Charles Realty. Meet our veteran K9 friend, Mike:
We are an office of pet lovers, and for us all the other pet lovers in the Boston area, there is good news! Earlier today, "a newly minted Massachusetts law goes into effect that will allow state residents to form legally enforceable trusts to provide for the care of one or more pets if the owners become incapacitated or die."
Pet Trusts are now legal! You can even name a caretaker for your pet. MSPCA's Kara Holmquist says that, "This law ensures that families with pets can provide financial resources for the care of their animals in the event of incapacity or death, benefiting people as well as the pets. Additionally, the burden placed on municipal shelters and rescue organizations will now be eased as there is a viable, enforceable alternative plan for the care of animals." She applauds Governor Deval Patrick and everyone else involved who understood the importance of legislation like this.
Personally, I think that this is very exciting for pet owners. After all, pets are insured members of the family, and so building a plan for them in the event of an emergency is a natural next step.
Are you going to set up a trust?